Eni SpA (E) Upgraded to “Buy” at Deutsche Bank AG
Eni SpA (NYSE:E) was upgraded by investment analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating in a report issued on Wednesday.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Eni SpA from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Eni SpA in a research note on Thursday, July 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.99.
Shares of Eni SpA (NYSE:E) traded down 0.03% on Wednesday, reaching $29.64. The company had a trading volume of 301,387 shares. The company’s 50 day moving average price is $29.57 and its 200-day moving average price is $30.54. Eni SpA has a 1-year low of $24.73 and a 1-year high of $36.02. The stock’s market capitalization is $55.08 billion.
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The company also recently declared a dividend, which was paid on Friday, October 7th. Stockholders of record on Tuesday, September 20th were given a dividend of $0.648 per share. The ex-dividend date was Friday, September 16th. This is a positive change from Eni SpA’s previous dividend of $0.64. Eni SpA’s payout ratio is presently -19.75%.
A number of hedge funds have recently bought and sold shares of E. Ngam Advisors L.P. increased its stake in Eni SpA by 14.0% in the first quarter. Ngam Advisors L.P. now owns 75,517 shares of the oil and gas exploration company’s stock valued at $2,283,000 after buying an additional 9,268 shares during the period. RMB Capital Management LLC increased its stake in Eni SpA by 18.6% in the first quarter. RMB Capital Management LLC now owns 59,450 shares of the oil and gas exploration company’s stock valued at $1,797,000 after buying an additional 9,320 shares during the period. Franklin Resources Inc. increased its stake in Eni SpA by 5.8% in the first quarter. Franklin Resources Inc. now owns 316,489 shares of the oil and gas exploration company’s stock valued at $9,564,000 after buying an additional 17,299 shares during the period. Bessemer Group Inc. increased its stake in Eni SpA by 84.7% in the first quarter. Bessemer Group Inc. now owns 2,664,638 shares of the oil and gas exploration company’s stock valued at $80,525,000 after buying an additional 1,222,313 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Eni SpA by 7.7% in the first quarter. Goldman Sachs Group Inc. now owns 258,054 shares of the oil and gas exploration company’s stock valued at $7,799,000 after buying an additional 18,409 shares during the period. Hedge funds and other institutional investors own 1.74% of the company’s stock.
Eni SpA Company Profile
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s segments include Exploration & Production, Gas & Power, and Refining & Marketing.
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